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Nonprofit · EIN 61-0701413

ROWAN WATER INC

Tax-exempt · MOREHEAD, KY 40351

Financials

$4.2M$4M2023$5.8M$4.2M2024
Revenue Expenses · by fiscal year end
Financials of ROWAN WATER INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$5,820,812$4,182,469$1,638,343$14,724,826$7,441,460$7,283,366
December 31, 2023990$4,181,121$4,038,198$142,923$11,907,830$6,262,807$5,645,023
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,317,713
of which government grants
$1,317,713
Program service revenue
$4,227,601
Investment income
$105,537
Net gain from sales of assets
$67,501
Other revenue
$169,961

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$114,079
Other salaries and wages
$565,467
Salaries, compensation and benefits (total)
$1,042,510
Professional fundraising fees
$0
Accounting fees
$59,139
Occupancy
$159,107
Travel
$51,035
Depreciation
$652,497
Program services (functional)
$3,293,347
Management and general (functional)
$889,122

Balance sheet and other

Total assets, start of year
$11,907,830
Total assets, end of year
$14,724,826
Total liabilities, end of year
$7,441,460
Net assets, end of year
$7,283,366
Land, buildings and equipment
$12,506,896
Net assets without donor restrictions
$7,283,366
Gross receipts
$5,820,812
Employees
12
Year formed
1968
State of legal domicile
KY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Jerry PatrickGeneral Manager
Key employee
40$85,272
Larry JohnsonPresident
Trustee or director, Officer
3$6,535
Mike CollinsSecretary Treasurer
Officer
3$6,535
Randy CoxMember
Trustee or director
3$5,365
Enoch BlairVice President
Officer
3$5,365
Duane DeHartMember
Trustee or director
3$5,007
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
Jerry PatrickGeneral Manager
Key employee
40$72,084
Larry JohnsonPresident
Trustee or director, Officer
3$6,535
Mike CollinsSecretary Treasurer
Officer
3$6,535
Randy CoxMember
Trustee or director
3$5,365
Enoch BlairVice President
Officer
3$5,365
Duane DeHartMember
Trustee or director
3$5,007

Address and contacts

Address (IRS master file)
1765 CHRISTY CRK, MOREHEAD, KY 40351-9666
In care of
% JERRY PATRICK
Signed the 990
JERRY PATRICK, General Manager
Phone
(606) 784-9818
Return prepared by
Millhuff Stang CPA Inc

Mission

PROVIDE WATER SERVICE TO RESIDENTS IN THE ROWAN COUNTY AREA

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDE WATER SERVICE TO RESIDENTS IN THE ROWAN COUNTY AREA
    Expenses $3,293,347

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
61-0701413
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1971
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$14,724,826
Income (IRS master file)
$5,820,812

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$5,820,812$4,182,469$14,724,826XML
990December 2023$4,181,121$4,038,198$11,907,830XML
990December 2022$3,360,125$3,665,617$11,873,855IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 61-0701413).

Questions about ROWAN WATER INC

What is the EIN of ROWAN WATER INC?
The employer identification number (EIN) of ROWAN WATER INC is 61-0701413.
Is ROWAN WATER INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1971.
Are donations to ROWAN WATER INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does ROWAN WATER INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ROWAN WATER INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ROWAN WATER INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of ROWAN WATER INC?
The 990 for the year ended December 31, 2024 lists 6 people; 6 received compensation from the organization, the highest $85,272 (Jerry Patrick, General Manager).
How much revenue does ROWAN WATER INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $5,820,812, expenses of $4,182,469 and total assets of $14,724,826 at year end.

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